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Near Protocol Forecast – Price Indicates Rise! Get in now?

 


The near protocol price has historically found support and resistance at $3.354. This level was hit again last week and it appears the near protocol price is finding renewed support. If the current weekly candle (week 25) closes bullishly by closing green, we would assume that the support will hold for the next few weeks. Optimally, the weekly candle closes above $3.70, forming a bullish candlestick pattern. This is called the “bullish engulfing candle”. Should this happen, the probability that the near protocol price will rise in the near future increases drastically.

Should the near protocol price close this week on a bullish note, we expect the price to target the next level of resistance. This is located at around $4,762. This would be the least we expect from the course. If resistance fails to hold and break, prices around $6.784 are possible. However, we consider this to be rather unlikely. After the price reached the target of $4.762 and $6.784 respectively, we expect prices to fall again. Thus, the near protocol price could fall again to around $3.384. After that, it could even go down one floor. More information on this, however, in our next forecast.

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